THE STORY OF THE NONPARTISAN LEAGUE 



Chicago quickly turned strong. This firmness 

 seemed to be due there to scalping operations of the 

 professionals, and when these stopped buying and 

 started to sell, the price gave way and dropped 1^ 

 cents in ten minutes. 



They read this and they knew that every 

 time the professional scalpers in Chicago 

 "stopped buying and started to sell" that 

 meant just so much out of their pockets if 

 they tried to sell wheat in Clay County, 

 Minnesota. Or they noted comments like this : 



Strong selling pressure halted a sharp rally in wheat 

 prices after a steady opening to-day. The market 

 scored fractional gains a few minutes after the start, 

 but dropped when bears threw considerable wheat on 

 the market. 



Or this: 



Minneapolis December opened % to l}/g stronger 

 this morning, not because there was anything bullish 

 in the overnight news, but seemingly either because 

 sentiment in the pit was bullish or traders were afraid 

 of the selling side. 



Or: 



Chicago opened higher, probably because there were 

 a lot of scared shorts in the market traders who went 

 over the holiday short and were alarmed by the 

 strength here and in Winnipeg yesterday. 



Or: 



There was no pressure on the Minneapolis market 

 and traders did not hesitate to buy it on easy spots 

 caused by the weakness in Chicago. 



11* 



